Kohl’s
Kohl’s are trying to beat the system and avoid what happened to a lot of their competitors over the last couple of years. They have announced that they will be conducting a closure operation for stores located in malls and those nearby. The closure will be due to the low performance of these stores, with workers either being paid-off for their service or offered jobs at other locations. It is not due to an emergency but just as a precaution from a future disaster. However, they will be opening four stores but within a smaller spacing.
Kohls
J.C. Penney
J.C. Penney, like many other retail stores, has hit hard times in low sales and performances, and as such, they will be closing around 27 stores by the end of 2020. These include 18 department stores and nine furniture stores. This move comes as a result of the decline in stock value as well as low performance over popular seasons like the holiday period. Then there is the COVID-19 pandemic, which greatly affected its physical performances.
JC Penney
